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important meetings of the year. shinzo abe is flying to washington for his first talks with u.s. president barack obama since he took office in december. their agenda is packed and their discussions are expected to touch on everything from a wide-ranging free trade deal to punishing north korea. >> translator: i want the summit talks to show the international community that japan and the united states have restored the strong bond of their alliance. >> abe says that alliance became unstable during the former democratic party-led administration. he says he's going to talk to obama about the u.s.-led negotiations for the transpacific partnership. nations that joined the discussions for the free trade agreement are supposed to in principle eliminate all tariffs, but abe doesn't want to abide by the precondition. abe and obama are expected to share ideas on what to do about north korea. scientists in the country last week carried out their third nuclear test. they are agreed to push for a nuclear resolution imposing new sanctions on pyongyang. >>> government officials say the prime minister wi
, prepare for merger. a deal takes off between u.s. airways and american. what it means for consumers. troubled waters: insights on cruise stocks following carnival's rocky week. plus, does apple have a trick up its sleeve? traders give us their takes on wristwatch rumors. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, february 15th. i'm angela miles. in today's first look: stocks stay stuck. stocks and comodities barely budged yesterday. a cross-current of postive news on jobs and m&a deals in the u.s. offset negative economic data out of europe, which held the market in check. shares of herblife soared 15% after hours on word carl ichan bought 14 million shares of the nutrition company. and tiffany is suing costco. tiffany claims the club chain is selling engagement rings bearing the tiffany name. traders will enjoy a long holiday weekend. with presidents' day coming up on monday, the markets will be closed. mark sebastian of option pit mentoring joins us on this friday for a closer look a
minutes from now. until then a look at comments by u.s. army chief of staff general ray odierno. he said friday the greatest threat facing our nation is fiscal uncertainty and potential budget shortfalls. >> good morning, everyone. i'm mike owe hand lan and on behalf of peter singer and everyone else here at bookings, for the 21st century hearing on intelligence. we're welcome to have general ray odierno to speak in what could not be a more important week for american defense policy making. you're aware of budget challenges of the process and how these can affect our men and women in uniform and future military planning and current operations. no one could be a more distinguished and thoughtful person who discuss these matters than general odierno who i have great honor to know a dozen years now. he has been a friend of brookings and the a friend of the broader defense community and he has been a distinguished servant in our nation's military and our nation's defense throughout that period. he took the fourth infantry division to iraq and presided over its operations, directed its operat
a 500 pound settlement with u.s. and uk regulators later this week. rbs will cover the bonus pools after a warning from the government that taxpayers should not foot the bill. rbs is planning to float the 316 branches of santander it has so far failed to sell. according to the papers, an ipo would allow the bank to dispose of that unit cleanly. lots going on. we're pleased to be joined by michael brown. welcome. >> happy monday morning. >> i know you want to talk about the super bowl. >> well, that would be nice given i was up watching it. >> i'm impressed. i should have been up staying up all night. my sister lives in baltimore. >> there are plenty of bank stories to get to in the meantime. >> absolutely. >> we're going to hear from george osborne in just a couple on hours' time. what does this mean? >> the idea is, of course, that we should have capital in both parts. but the problem is, there isn't enough capital to go around and, therefore, you don't want to spook the financial markets by saying, by the way, yes, you do need to have this. how do we get to where we want to be, i.e. en
the president will likely reference coke and apple for their latest plan to move manufacturing back to the u.s., but that is not the whole story. coke recently announced a plan to make the new macintosh and the u.s., but there are a tiny part of apple's business. apple's primary product, the ipad, iphone account for nearly three-quarters of the company's sales and are all made in china at places like fox con. that's not going to change a time soon. because as steve jobs once said denton cook echoed, you cannot find that many americans to hire. i bet there are just a few american engineers out there that would disagree, but they probably aren't looking at being paid $18 per day. mr. president, instead of dividing the ceo of the world's biggest company, what you bring in small business owners who are dealing with her policies the in and day out. while they're there may be to listen to what they have to say you. that's my "2 cents more," and that's it for tonight on "the willis report." thank you for joining us. gerri@foxbusiness.com for complete coverage of the president's state of the union add
group and turkish police exchanged gunfire near the u.s. consulate in istanbul. three police officers died. nobody that's claimed responsibility for the most recent bombing on friday. >> algerian officials have for the first time allowed the media inside the site of a fatal hostage siege. islamic militants attacked the natural gas complex last month and kidnapped hundreds of workers. security forces fought their way in. when the crisis was over 37 foreign hostages and one algerian captive were dead. nhk was among the journalists who saw evidence of the conflict up close. >> reporter: about 100 domestic and foreign journalists were taken on a tour of the facility accompanied by officials. the plant is now under heavy guard. there are three checkpoints between the airport and the complex. and tanks have been deployed. these are the living quarters were many of the victims were taken hostage. we were only allowed access to the entrance. this building is a cafeteria. bullet holes serve as a grim reminder of the violence that gripped the complex over a four day period. the hostages were ga
of the hour. ftse 100 adding about 0.8% for its part. we'll see if this positive move carries over to u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the last couple of days today. it's adding 0.3%. 1.3233. we saw it jump up nearly 0.4% after that ifo data. the dollar/yen, the yen is weakening again today within adding about 0.4%. so we'll see what impact that has had on trade across asia. let's get straight to li sixuan for more. hi, sixuan. >> thank you, kelly. asian markets wrapped up the wobbly week on a mixed noed note. the shanghai composite lost 0.5% today and slumped nearly 5% on the first trading week on the year of snake. investors cautiou
the u.s. has been proposed. the objective to would be to help stabilize forces after the end of the operation. sources say neighboring countries are expected to play a major role in the operation. >> south korea leaders say they are ready to conduct an underground nuclear test at any time. crews have installed a remote detonator and equipment that will be used to measure radiation. north korean leaders said last month it will conduct their third nuclear test, but didn't say when. government sources say the crews brought a vehicle to the test site in the northeast that will remotely control the detonator. a monitoring device installed will be used to detect any nuclear radioactive material coming out of tunnels after a nuclear explosion. they are working with u.s. forces to monitor the movements of the north korean military. >> a trailer truck loaded with fireworks has exploded on an expressway on the inland chinese province of hernan. there are conflicting reports about the number of dead but the figure could reach into the dozens. the truck was delivering fireworks for chine
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the latest from atlanta. >> and are investments as pretty as a picture or a still life? ross, there's been a couple of big auctions here lately and it's always a good gauge of how well people are doing, how hard assets, real pr
out across north america? simply put, under barack obama and hillary clinton, the u.s. has been unwilling to lead. and this has left a huge vacuum on the world stage. in a recent assessment of secretary clinton's tenure. michael owe o'hanlon of the brookings institute wrote even an admirers such as myself must admit few big problems were soflted on her watch. few big vic trises achieved. secretary clinton's work at the state department should be judged on whether she has left america's foreign policy in stronger or weaker position. most think the future lies with china than the u.s. it's not all mrs. clinton's fault. but the fact is we just don't have the influence we used to have around the world from syria to mali, we have led from behind, so in effect the former secretary of state has helped manage our decline in what looks increasingly like a post american world. and that's the memo. now on to the top story. another view on this, joining us now from new york, fox news contributor julie ragenski and former advisor to frank lautenberg and president rosenberg a center left thin
from u.s. representatives bobby rush and danny davis in the special 2nd congressional district democratic primary. they both cited kelly's support for tougher gun laws. kelly is one of 16 democrats in the race. the governor visited a south side church today to make his case for raising the minimum wage in illinois and.... >> there is something wrong if someone works 40 hours a week and lives in poverty >> he wants to raise the minimum wage in illinois to $10 an hour . >> i think it is important that working people get peight paid a fair wagpaid a fair wage >> she worries employers will be even more reluctant to hire if this passes >> some people think it will be a wage killer... >> it has been very frustrating trying to look for a job... >> she would rather see lawmakers focused on communities like this one were no longer hiring >> chicago's flu season appears to be slowing down. city health officials says we hit our peak about a month ago. fresh flu-tracking data shows a general decline in the seasonal virus across the city, state and most parts of the country. during
major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in there. when you talk about the eurozone and growth potential seeing it is disappointing and not pulling
laws. in fact, the u.s. attorney's office for the northern district of illinois, only 25 federal firearms cases were brought to that office in 2011. only 1% of the people, 62 out of over 4000 were denied guns based on background checks are prosecuted for illegally attempting to acquire firearms. that is too low of a rate. see what can be done by enforcing the law on the books before enforcing new ones. we will legislate in an area that deals with the issue of reporting to the database for the people who are not in there now. make sure that we deal with the mental health issues that are involved with the tragedies that we are talking about today and a lot of other tragedies that have happened. thank you. >> thank you, senator. will the witnesses please stand? affirm the oath as i complete the reading. do you affirm that the testimony you are about to give before the committee will be the truth, the whole truth, and nothing but the truth so help you god? >> i do. >> thank you. i will introduce the two witnesses from this panel. the first is john walsh, u.s. attorney. he has served
not as of yet. >> u.s. your republican colleagues on the committee to join you, buy or -- you have asked your republican colleagues on the committee to join you -- why or why not? [inaudible] >> first of all, i did not ask members to join me because i am not advancing legislation here. it is not like i will call them up to be a co-sponsor, there is nothing here to co-sponsor. in fact i made very clear as we were drafting its that i did not want to have the specific legislation in here. when we first started off my critical minerals bill was in here, which i usually supported, but this is -- if this is really a conversation starter, let's allow it to be just that. there is nothing predetermine, preordained, nothing determined in there. what i wanted to do was developing these discrete pieces of legislation where i go to my colleagues and ask for their specific support and i hope that they will take a look at it and there will be initiatives that will look at and say -- hey, coming from this perspective, i have this idea and maybe we can build a bill together. how can we make things happen? tha
. the u.s. government has been bringing this up with the chinese for a long time. it is low risk. it is low cost. it is high return and difficult to track. even getting a location on these servers, this is a little bit of guesswork involved there. there are real challenges there. the big question is, how do we respond? connell: if you had to give a great to the american public, how ready are we? >> there are so many elements. you have to peel back the onion. you have to talk about things like, you know, the electrical grid and things like that. i would say we are at a c level. guy forbid, it could come to conflict with the chinese could shut out the lights on us here. shut off the power. shut out though, you know, air traffic control system. connell: thank you. i also want to point out that the ceo of that company preparing the report will be on the next hour of "markets now" with dennis kneale and cheryl casone. dagen: already looking into some stock orders. what does the chief have to say about this? connell: washington's spending problem. entitlement programs like social secur
assault in the u.s. military. >> 86% of men and women who are sexually assaulted in the military don't report. they experience reprisals that are, in many ways, a second betrayal that's even worse than the actual rape itself. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. after aurora, after virginia tech, after columbine, the question of gun violence becomes a recurring national conversation. this evening, newshour joins pbs in a week of special coverage on the topic of gun violence: "after newtown." the waves of reaction since december's connecticut school shooting continue to
: still to come on the "newshour": china concerns at the u.s.-japan summit; a public health crisis linked to gun violence; shields and brooks and violence against women in south africa. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: a winter storm headed east today, after socking the plains with snow, sleet and freezing rain. it was already blamed for four deaths, flight disruptions and hundreds of road accidents. the huge system was moving north and east, and losing some of its punch. but it was still expected to make trouble in the northeast and new england this weekend. the sounds of snowblowers roaring to life and shovels scraping the driveway could be heard in state after state today. much of the nation's mid-section spent the day digging out from more than a foot of snow and for drivers, it quickly turned into an icy nightmare. the highly unsettled storm also brought lightning and thunder, but it was the snow falling at two inches an hour in places that caused the worst problems. kansas city mayor sly james said it was the pace that was hard to deal w
in 3 youngsters in the u.s. don't get that chance, prompting president obama to propose expanding the nation's public education system to help them. >> if you're looking for a good bang for your educational buck, this is it, right here. >> reporter: the plan could cost up to $10. 5 billion per year by one estimate. it's a bill obama says should be split between the federal and state governments. >> it's expensive. when you're talking about young children, you have to have very different ratios than you do in k-12 education. >> reporter: many of the nation's top economists, including several here at the university of chicago, say the cost is worth it. preschool for all, especially low income kids, can mean big savings for taxpayers down the road. >> we get a r cents on the dollar for each year of each upfront investment. >> reporter: economist james heckman says skipping pre-k by kids in poor families comes with a cost, too. >> it reduces crime, a society that's more engaged in a sense of employment and so forth. that's where the economic return comes. >> reporter: only five states
nuclear test under its young leader, kim jong-un. while the white house calls it a provacative act, the u.s. and allies knew the test was coming. >> what is interesting is they have done this in defiance in not only in our views but china. china tried very hard to keep them from doing this. so what will be very interesting in the weeks to come is what does that mean when the chinese say don't do something and they do it. >> reporter: indeed, china's position has always been that it wanted to preserve the status quo on the korean peninsula. we've learned today that china, north korea's closest ally, has now said that it is firmly opposed to north korea's nuclear test. back to you, anne-marie. >> lucy craft in tokyo, thank you. >>> tonight, president obama will call for a worldwide reduction in nuclear weapons when he delivers his first state of the union address of the second term. speaking to congress and the american people, the white house says mr. obama will focus on the economy, outlining plans to create jobs and grow the middle class. susan mcginnis is in washington
to become at the next u.s. defense secretary. the question was expected to be tough but he appeared uncomfortable, even unprepared. the most heated exchange of the day came from a former close friend, senator john mccain who grilled hagel on opposing the 2007 u.s. troop surge in iraq. >> wiere you correct or incorret when you said that the surge would be the most dangerous foreign policy blunder in this country since vietnam? were you correct or incorrect? yes or no? >> my reference to -- >> are you going to answer the question, senator hagel? the question is, were you right or wrong. that's a pretty straight forward question. >> well, i -- >> i would like the answer whether you're right or wrong and then you're free to elaborate. >> well, i'm not going to give you a yes or no answer. >> well, let the record show you refuse to answer that question. please go ahead. >> well, if you would like me to explain why -- >> actually, i would like an answer, yes or no? >> well, i'm not going to give you a yes or no. it's far more complicated than that. my answer is i'll defer that judgment to
north korea's nuclear weapons and bollistic missile programs constitute a threat to u.s. national security and to international peace and security. and he continued the u.s. remains vigilant in the face of north korean provocations and steadfast in our defense commitments to allies in the region. obviously ther obvious obviously, there is grave concern. the north koreans are saying they have a different type of weapon, more sophisticated, more powerful. what is happening right now is that the u.s. and international organizations are monitoring what they -- what they can from this test. they are sending the united states, sending planes aloft and what they do, they have sensors on them, and they try to sniff the air in a way and figure out exactly what kind of explosion that was. because there are a couple of different types of explosions, and depending on that, we could find out how much they can do of testing in the future and perhaps create a bomb. soledad. >> jill dougherty, thank you, jill. ahead, we'll talk to gordon chang, author of "nuclear showdown." we'll discuss that, st
on its nuclear program. they say the nuclear fuel is for energy reactors. the u.s. is concerned that they will produce weapons grade material. let's head to the pits of the cme and phil flynn. >> very little reaction down here. the very first place you want to look is the ti spread. it has spread out to the largest level of the year. it is possible that part of that could be this story. a lot of people did not hold out a lot of hope for the stocks. the direct talks with the u.s., they thought maybe something may come out of that. at least they were hopeful. the rejection, now that obviously looks like it will be off the table. these talks will not do a whole heck of a lot. this comes at a time where they are tightening sanctions even more on iran. we saw saudia arabia, and take if you cannot get enough supply, we will pump a little bit more. melissa: that u.s. productivity fell 2% in the fourth quarter to its lowest level in nearly two years. what does the next day to say about our economic recovery? what do you make of that productivity number? that jumped out at me. >> the mov
at the strong dollar. you also have to look that u.s. oil production did the highest level in almost 20 years. it is absolutely incredible. a couple days ago, everyone was talking about $100 a barrel. now they are wondering if $90 will hold. the april futures just hit $93, as i speak. inventories, of course, rose. it was on the increase in production. a decrease on imports. that really impacted the market. that is good news for gasoline prices. they got hit very hard. the gas inventories fell. that was a bigger drawdown in gasoline. because of the strong dollar, that is keeping that market very strong. heating oil, they do not seem to care. the other big numbers today, natural gas. a drawdown aided in expected. it gave natural gas a little bit of a boost today. we could see a bigger drawdown than expected next week. ashley: phil flynn of price future group. thank you so much. shibani: buckle up for more volatility, it sounds like. take a look at what is happening to the national price of gas. it is up there descent from a month ago. this is refinery plants across the country. they are facing
as we do every 15 minutes. lauren, we are starting the week on an up note. >> this u.s. stock market rally really started in europe. the u.s. market has of arrows across the board. a really tight range for stocks. volume clearly to the upside by about two-one your advance to the client line. really pushing closer to those all-time highs. 14,198. we are not far from there. 1576, we are not far from that either. we are getting there. hopefully, we can keep this winninn streak live. ashley: healthcare provider stocks taking a hit. proposing lowering medicare rates next year. peter barnes joins us now from inside the beltway with the details on this story. peter: they are proposing a cut of about 5% or so in payments to insurance companies that offer medicare advantage is. about a quarter of all seniors in medicare, about 15 million of them, are enrolled in medicare advantage. they could have added benefits. patients have to stay in their healthcare network which helps insurance companies, in theory, manage their costs. private insurers are reimbursed for all of this by the government. t
the u.s. and his country. you can see that live at 4:00 p.m. eastern. it will be on our companion network, c-span. we continue the prime time booktv programing later tonight looking at civil rights move. wed look at authors, mary francis berry and taylor brand. that will be. on c-span 3 tonight at same time, american history focusing on american artifact. we have smithsonian curator, eleanor jones harvey. she will talk about photographs and paintings from the civil war. all that here on the c-span networks. >> okay. folks. okay. we're going to get the second keynote speaker started here while you're enjoying your lunch. but first i would like to thank our gold sponsors for supporting us today. they are centurylink government, blue coat federal, hewlett-packard, info blocks, juner per networks, lockheed martin, net app, palo alto networks, red hat, red seal networks, taurus advanced, enterprise solutions and verizon. special thanks to those. as we enjoy our lunch i will introduce miss tina kune. vice president of northrop grumman and one of our diamond response source for today's -
sanctions against the north from the u.s. and other countries. at the live desk, angie goff, news 4. >>> this nuclear test comes as president obama prepares to call for a reduction in america's nuclear arsenal. we learned that he will talk about that proposal tonight during his state of the union address. the white house says the president is putting the finishing touches on the speech. focus will be primarily on the economy. and the billions of dollars in budget cuts set to happen automatically on march 1st. president obama has urged congress to pass a short term agreement to avoid those potentially devastating cuts. now, you may want to avoid driving near the capitol tonight because of the state of the union. capitol police closing several streets starting at 7:00 including constitution avenue between second street east and louisiana avenue northwest. pennsylvania avenue between first and third streets northwest and east capitol streets between second and first streets. independence avenue will be closed between second and washington avenue in southeast southwest. >>> president ob
to check it out. it was and still is more than just a commuter hub. during world war ii. 80% of the u.s. military's eastbound movement relied on grand central. in fact, the nazis even plotted to blow it up in the 70s, the city almost tore it down. these days, grand central is an iconic landmark but a train station first got on track 100 years ago today. next time you are here you ought to check that place out. man, it is beautiful. and now you know the news for this friday, february the 1st already. 2013. i'm shepard smith. see you back on monday, which should be a national holiday. >> laura: the o'reilly factor is on. tonight: >> i'm proud of the work we have done to elevate diplomacy and development, to serve the nation we all love. >> and hillary clinton ends her term as secretary of state, "newsweek" proclaims that she is the most powerful woman in american history. really? we'll have a debate. >> we inherited the worst financial crisis and the worst economic crisis since the great depression. >> laura: unemployment on the rise again as the economy continues to falter. who will pres
community to curb the flow of arms into syria. another member of the u.s. senate has decided to step aside. republican mike johanns of nebraska announced today he will not seek a second term next year. in a statement, he said he wants to spend more time with his family, after spending 32 of his 62 years in various offices. johanns is the fifth senator to announce plans to retire next year. a hall of fame figure in pro basketball, former los angeles lakers owner jerry buss, died today. he'd battled cancer for months. buss ran the lakers for nearly 34 years, and they won ten n.b.a. championships during that time. along the way, he brought in star players from kareem abdul- jabbar to magic johnson to kobe bryant. he was also one of the first owners to create his own cable tv network, and sell the naming rights to his arena. jerry buss was 80 years old. those are some of the day's major stories. now, back to judy. >> woodruff: and we turn to this weekend's protests and the big debate over the extension of an oil pipeline from canada into the u.s. as the u.s. tries to navigate between clean ene
of cyber attacks against u.s. companies. dagen: the white house is considering fines and other trade penalties against china. peter barnes has the very latest from washington. peter: the administration is expected to release its own reports. attorney general eric holder will be holding a news conference on this this afternoon. the u.s. is trying to step up efforts to prevent chinese hacking which have hit dozens of u.s. companies. the second report increasing pressure on the administration to take more forcible action against the chinese for what experts say have been years of systematic x-men nosh. these new programs between u.s. intelligence agencies and companies will take time to roll out. connell: peter barnes in washington, d.c. for us. obviously, this is becoming a bigger and bigger story for us. watch this. >> we have also, regularly and repeatedly, raised our concerns at the highest level with the chinese government about cyber theft. including with sr. chinese officials and the military will continue to do that. connell: former navy seal is with us. you have heard the gover
: this is "the new york times" from february 20th. budget cuts seen as risk to growth in the u.s. economy. the cuts, most likely would reduce growth by 1 1/2 of a percentage point in 2013, according to a range of government and private forecasters. that could be enough though to again slow the arrival of a recovery, producing instead another year of sluggish growth and high unemployment. >> guest: well i guess if you take it from "the new york times" perspective you could make that argument because i think they see already a slowing in growth happening and this makes a convenient fall person for bad public policy been in place under four years of obama administration. we have slowed growth. it has been very stagnant. there are a lot of reasons for it. there are a lot of friction points put in place in our economy that need to be fixed. until we get our confess and the president of the united states to work together and begin to remove those friction points we'll continue have slow growth. if you look at a same slide you had up a moment ago ago, shows the sequester on the right hand of tha
that are likely not to succeed, so it doesn't make more sense to invest in that they bring in a whole u.s. infrastructure, which we probably cannot sustain which will probably take us months to understand what's going on. it increases our influence. it forces us to be catalytic and captures local talent that makes it much more sustainable. we've all talked about it for years and we still don't produce it. the first response is to send me 10 or 15 internationals. even the best of us in a new job it takes months to figure out which are doing. a new country or new job should be more complicated. common sense would head in this direction. i guess the final point i would raise and this is an important one. and everyone of these cases, help is needed. and i must every case they don't want us to take over. so covert assistance to the kind were offering visits with these places need and want, but we should be much more respectful of the fact it is not ours to own them furthermore in a place we haven't really found it to be a very happy experience. cities are some of the rules we are refining us t
to go. >> any member of al qaeda, a u.s. citizen or not, needs to know they have the ability to surrender anytime, anywhere throughout the world, and they can do so before their organization is to strike. we will destroy that organization, and u.s. citizens can surrender anytime. >> just on that point, i do not take a back seat to anybody in terms of citing al qaeda. i asked you a different question, and on the question of what kind of evidence ought to be applied, whether there ought to be geographic limits, the question of whether an individual should be allowed to surrender. for example, there is a question of whether the obligation changes, a valid target has not been publicly reported, so there are issues here, and i think we are going to have to continue discussions, and, madam, i look forward to the extra round. >> senator coats. >> i think it may be better held for further discussion next week in the classified room, but this whole idea of leaks, nothing upsets me more in this committee, and we have had a lot of these in the last few years, to see something that was d
say they do not have the capability to make a bomb. >> well, zoraida, it will be days before the u.s. has a very good handle on the size of the explosion, the size of the payload, but at first glance what u.s. officials are very concerned about are north korea's claims that it testified a miniaturized nuclear weapon. why is that so concerning? that means they're closer to making a missile that they could launch toward the united states. these types of dplier tesnuclea moves them closer to mastering the idea. it was expected, officials tell me, that north korea warned the u.s. and china yesterday that a test was eminent. after the test president obama issued a statement. what he said was north korea's nuclear weapons and ballistic missile programs constitute a threat to u.s. national security and to international peace and security. we will strengthen close coordination with allies and partners and work with our six-party partners,united nations security council and other u.n. member states to pursue this. they will be meeting this morning in an emergency session. my source is telling
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